As of December 31, 2023
| Portfolio Snapshot | |
|---|---|
| Total Investment1 | $1.2B |
| Number of Investments1 | 50 |
| Number of Properties3 | 173 |
| Geographical Location | 18 U.S. States |
| Investment Type | Number of Investments1 | Number of Properties1 | Amount1 |
|---|---|---|---|
| Direct Operating and Net Lease Investments | 48 | 48 | $ 1.1B |
| Unconsolidated Investments | 12 | 125 | $122.8MM |
Investment Type: Direct Operating and Net Lease Investments
Number of Investments: 48
Number of Properties: 48
Amount $ 1.1B
Investment Type: Unconsolidated Investments
Number of Investments: 12
Number of Properties: 125
Amount $122.8MM
Facility Type
Geographic Location
| Investment | # of Properties1 | Date | Facility Type3 | Location | Amount1 | |
|---|---|---|---|---|---|---|
|
Direct Operating and Net Lease Investments | Winterfell | 32 | May 2015/ Mar 2016 | ILF | 12 States | $745.7MM |
| Rochester4, 6 | 2 | Aug 2017 | ILF ALF | Rochester, NY | $47.2MM | |
| Arbors | 4 | Sep 2014 | ALF | Long Island, NY | $98.3MM | |
| Avamere | 5 | Feb 2017 | ALF | Oregon & Washington | $94.6MM | |
| Aqua4 | 4 | Various | ILF ALF MCF | Texas & Ohio | $84.6MM | |
| Oak Cottage | 1 | Feb 2017 | MCF | Santa Barbara, CA | $18.7MM |
| Investment | Joint Venture Partner(s) | # of Properties1 | Date | Facility Type 3 | Location | Ownership | Amount1 | |
|---|---|---|---|---|---|---|---|---|
|
Unconsolidated Investments | Trilogy5 | American Healthcare REIT, Inc. | 125 | Dec 2015 | Integrated Campus | 4 States | 23.4% | $122.3MM |
Integrated Campus: Integrated Senior Health Campus
NorthStar Healthcare owns the properties pictured. 1) For direct investments, amount represents gross real estate carrying value, net of impairment, before accumulated depreciation as presented in NorthStar Healthcare's consolidated financial statements as of December 31, 2023. For unconsolidated investments, amount represents the carrying value of the investments in unconsolidated ventures as presented in NorthStar Healthcare'sconsolidated financial statements as of December 31, 2023. 2) Excludes NorthStar Healthcare's 20.0% minority interest in Solstice Senior Living, LLC, a management platform formed with Integral Senior Living, LLC exclusively to manage our Winterfell portfolio. 3) Classification based on predominant type of services provided at each property, but may include other services. 4) NorthStar Healthcare owns a 97% and affiliates of Watermark own a 3% non-controlling interest in the Rochester and Aqua portfolios. 5) Property count includes properties owned and leased by the joint venture and excludes its institutional pharmacy and therapy businesses. 6) Excludes one property classified as held for sale in December 2023, which was sold in February 2024, and seven healthcare real estate properties, securing seven individual mortgage notes payable, which were placed into a receivership in October 2023.